Allegro Is Said to Draw Takeover Interest from ON Semiconductor
Allegro Microsystems Inc. is drawing takeover interest from larger competitor ON Semiconductor Corp., according to people familiar with the matter.
Phoenix-based ON Semi has been working with advisers in recent months to pursue Allegro, the people said, asking not to be identified because the matter is private.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time Business News
32 minutes ago
- Time Business News
Meet&Co Office Furniture Wholesaler: Trusted Partner for Modern Workspaces
In today's rapidly evolving business landscape, the design and functionality of office spaces play a crucial role in productivity, collaboration, and overall employee satisfaction. Businesses worldwide are shifting toward modern workspaces—open, modular, ergonomic, and inspiring. At the core of this transformation is Meet&Co, a globally trusted office furniture wholesaler renowned for its innovative designs, quality craftsmanship, and full-service approach. Whether you're a startup founder, interior designer, procurement officer, or enterprise-level decision-maker, this guide will help you understand why Meet&Co is the ideal partner to furnish your modern workspace efficiently and affordably. Meet&Co is a China-based office furniture manufacturer and wholesaler, with over a decade of experience delivering stylish, ergonomic, and scalable office furniture to clients worldwide. Known for their reliability and ability to handle bulk orders, Meet&Co has become a household name in B2B office furnishings, serving corporations, resellers, coworking spaces, and educational institutions across more than 100 countries. Key facts about Meet&Co: Headquarters: Guangzhou, China Founded: 2011 Service Reach: Over 100 countries Product Range: Office desks, chairs, workstations, conference tables, storage, and lounge furniture Core Values: Innovation, Integrity, Customization, and Customer Satisfaction Buying wholesale isn't just about getting better prices—it's about scale, consistency, and long-term value. Here's why sourcing from a wholesale supplier like Meet&Co is a smart business decision: Meet&Co offers competitive pricing for bulk orders, which is essential for startups, real estate developers, and companies outfitting entire office buildings. Wholesale partnerships allow businesses to expand or reconfigure spaces easily without design inconsistencies or availability issues. Wholesale suppliers often offer customization. Meet&Co, for instance, tailors finishes, sizes, and upholstery to match your brand's aesthetic. With logistics partners across continents, Meet&Co ensures on-time delivery and smooth customs processes for international clients. Meet&Co isn't just a furniture supplier—it's a strategic workspace partner. Here's what sets them apart: From design consultation to delivery and installation, Meet&Co covers every step of the office furnishing process. They understand cultural nuances and work requirements across different regions, making them ideal for multinational companies. Advanced manufacturing and a highly organized supply chain enable faster production and delivery. Clients receive dedicated managers to oversee their project from planning to post-installation support. Meet&Co's catalog is designed for modern functionality while maintaining professional aesthetics. Here's an in-depth look: Modern, sleek, and highly functional—these desks combine storage, wire management, and premium materials. Ideal for leadership offices. From task chairs to high-end executive seating, all chairs are ergonomic, BIFMA-certified, and available in mesh, leather, or fabric. Workstations Open-plan modular systems with privacy panels, cable management, and flexibility for team configurations. Available in various shapes (rectangular, boat-shaped, modular) with built-in power sockets and durable surfaces. First impressions matter. Meet&Co's reception units are modern, welcoming, and often customizable with branding. Lockable filing cabinets, credenzas, mobile pedestals, and shelving that blend seamlessly with office aesthetics. Office sofas, breakout seating, and coffee tables designed for comfort, collaboration, and informal meetings. Meet&Co understands that one size doesn't fit all. Their team of in-house designers collaborates with clients to create furniture that reflects a company's brand and culture. Custom options include: Desk shapes and sizes Materials and surface finishes Upholstery and chair configurations Storage layout and function Color matching with brand palettes They also offer 3D layout rendering services, enabling clients to visualize how furniture will fit into their floor plan. Meet&Co is committed to sustainable manufacturing, adhering to global environmental standards: Use of low-emission adhesives and finishes FSC-certified wood sourcing Waste reduction in production processes Eco-friendly packaging options Long product lifespans and recyclability For businesses prioritizing green offices, Meet&Co is an ideal partner aligned with LEED and WELL building certification goals. Meet&Co has shipped office furniture to businesses in the USA, Canada, Australia, UAE, UK, South Africa, and more. Multi-language support Documentation for customs Ocean and air freight options Regional warehousing partnerships After-sales service guarantees They work closely with B2B partners such as: Furniture resellers Interior design firms Facility management companies Corporate procurement teams 'Meet&Co provided full furnishing for our three-floor coworking space in Dubai. Their quality and turnaround time were exceptional.' — Hassan K., Project Manager, UrbanSpace MENA 'As a reseller in Canada, we trust Meet&Co for every bulk project. Their logistics, support, and consistency are unmatched.' — Lauren M., Founder, FurniBulk Canada 'We needed modern furniture for 120 employees. Meet&Co handled it from design to install and stayed under budget.' — Emilio R., Admin Head, TechEdge Europe Feature Meet&Co Other Wholesalers Global Shipping ✔ Yes ⚠ Varies by region Customization ✔ Extensive Options ⚠ Limited Design Consultation ✔ Included ❌ Often extra cost Sustainability Standards ✔ High (FSC, BIFMA) ⚠ Not always disclosed MOQ (Minimum Order Qty) ✔ Flexible ⚠ High minimums common Price Transparency ✔ Quotation system ⚠ Hidden fees possible Getting started with Meet&Co is straightforward: Browse the Catalog at Meet&Co's official website Submit a Request for Quotation (RFQ) Consult with a Project Manager about your needs Receive 3D Layouts and Samples if needed Confirm Customizations and finalize pricing Production Begins (typically 15–30 days) Shipping & Installation Support provided After-Sales Support available globally Whether you're furnishing a startup office, equipping an enterprise HQ, or looking for a reliable B2B partner, Meet&Co Office Furniture Wholesaler delivers modern, functional, and beautifully designed solutions. With a commitment to quality, customization, global support, and sustainable practices, Meet&Co stands out as a true trusted partner for modern workspaces. Answer: MOQ depends on the product category, but Meet&Co is flexible for startups and small businesses. Answer: Yes. Meet&Co has shipped to over 100 countries with reliable freight partners. Answer: Yes. They offer free 3D layout and space planning services with every project. Answer: Typically 15–30 days for production and 10–25 days for shipping, depending on location. Answer: Products are BIFMA and ISO-certified, and wood materials are often FSC-approved. TIME BUSINESS NEWS
Chicago Tribune
2 hours ago
- Chicago Tribune
Weber Grill Restaurant to be first tenant in Orland Park downtown development
Weber Grill Restaurant will open a location in Orland Park next year, becoming the first tenant announced for the village's downtown development project northwest of La Grange Road and 143rd Street. The company is owned by the same family that makes the grills, which are used to prepare meals at the restaurants. Weber Grill will build an 8,500-square-foot space at the southwest corner of La Grange and 142nd Street, said Ramzi Hassan, president of Edwards Realty Co. Orland Park-based Edwards was selected by the village to develop that has been called the Main Street Triangle project. 'This is exactly the type of tenant we envisioned when we first imagined downtown Orland Park,' Hassan said in a news release announcing the restaurant's plans. 'Weber Grill represents a high-quality, experience-driven restaurant that aligns perfectly with our vision to create a dynamic, walkable destination for the community.' Planned to open next spring, the restaurant will feature indoor and outdoor seating, as well as a hands-on cooking school offering both public and private cooking classes, according to Weber Grill Restaurants. The company also has restaurants in downtown Chicago and suburban locations in Lombard and Schaumburg. 'We're thrilled to bring the unique Weber Grill experience to the new downtown Orland Park,' Jon Crost, chief operating officer of Weber Grill Restaurants, said in a news release. 'This location allows us to connect with a vibrant and growing community while being part of a visionary redevelopment that emphasizes both quality and community.' Hassan said Friday that Weber 'is a really good brand that's a household name,' and its decision to open in Orland Park could attract other tenants. He said that Weber was looking to the Orland Park market for a restaurant, but 'they were more interested in the type of development they are joining.' 'They had to find the right fit,' Hassan said. He said Edwards has been very selective about the users and businesses coming in to the development, and said the Weber Grill Restaurant could be destination drawing customers from beyond the Orland Park area. 'It's not like they have 300 restaurants all over the country,' Hassan said. Edwards plans to develop more than 140,000 square feet of entertainment, retail and office space. No residential space is planned. An expansion of Crescent Park, to be renamed Heroes Park, is included, and what is now a stormwater detention pond in the northeast corner of the triangle would be enhanced with fountains. The company and village held a ceremonial groundbreaking for the downtown project in March. Edwards owns and operates Orland Park Crossing, a retail center northeast of La Grange and 143rd, directly to the east of the downtown development. The downtown development would be situated around the Ninety7Fifty on the Park apartments, University of Chicago Medicine Center for Advanced Care, a parking garage and the 143rd Street Metra station. Hassan said he expects Edwards to break ground in spring on space for a second tenant, which would be on a site west of La Grange on the south side of 142nd.
San Francisco Chronicle
4 hours ago
- San Francisco Chronicle
California insurance crisis could have dire consequences for affordable housing
Insurance bills have always been on the high side for Episcopal Community Services, a San Francisco nonprofit that operates more than 2,000 units of permanent supportive housing and serves a population insurers deem risky. But over the past few years, ECS has seen insurance costs skyrocket. Its premiums rose 84% last year, on top of 10% and 15% increases the previous two years. At the same time, ECS' deductibles quadrupled last year and reached $100,000 for some properties, forcing ECS to cover most of its own claims. Those rising costs were a factor in ECS' decision to lay off six employees this year, and staff members fear that continued increases could jeopardize essential but expensive ECS services, like the homeless shelter it operates or the seven hotels it leases for supportive housing. 'If we're gonna continue to operate the housing, we have to pay the insurance,' said Chris Callandrillo, ECS' chief program officer. 'We've got to get that from somewhere, and that burden is huge.' Across California, affordable housing developers say they're being squeezed by ever-rising premiums, increasingly convoluted coverage arrangements and deductibles so high that they're self-insuring for all but the most catastrophic losses. Advocates are pushing the federal government for relief in the form of subsidies for risk mitigation or the creation of a federally backed insurance product, but few solutions appear likely in the short term. According to an analysis of over 130 California properties financed by a key federal low-income tax credit and included in the national nonprofit Enterprise Community Partners' portfolio, median annual per-unit insurance expenses increased 142% from 2019 to 2024, from $409 to $989. From 2022 to 2024, some California affordable developers reported insurance expense increases as high as 500%. Without intervention, affordable housing providers say, these ballooning costs could force cuts to staffing or on-site services and imperil future projects at a time when demand for affordable units is as high as ever. The problem goes far beyond the affordable housing sector; statewide, insurers have sought perennial rate hikes, nonrenewed customers or ceased writing new policies as they grapple with wildfire-fueled losses and high construction costs. But over the past few years, insurance costs for affordable housing developments have been about 25% higher than for market rate developments in the same areas, said Jordann Coleman, senior vice president at Walnut Creek-based Heffernan Insurance Brokers, whose client base is 40% affordable housing. And affordable housing developers say they're especially vulnerable because they're already operating on razor-thin margins — and because unlike for their market-rate counterparts, the law limits their ability to pass on costs to tenants. 'Somebody's got to come up with a way to pay for that, and for us, it can't be rent,' said Linda Mandolini, CEO of Eden Housing, a Hayward developer with dozens of Bay Area affordable housing complexes. The amount Eden Housing has paid for insurance has risen every year since 2018, including a 20% jump this year on top of a 28% jump the previous year. Insurers have long considered affordable housing riskier to underwrite than market-rate housing — especially permanent supportive housing, where formerly homeless residents less used to living inside can spark fires or cause damage. But developers say insurance costs are out of step with claims, and they don't seem to take into account efforts to mitigate risks — such as hiring more security or replacing gas stoves with electric ones — or how affordable complexes can make neighborhoods safer and spur economic development over time. One insurer that writes policies for affordable housing developers declined to comment on its rationale for increasing premiums and deductibles, and another insurer did not respond to a request for comment. Before around 2020, it was possible to find a single insurer willing to underwrite an affordable housing provider's whole portfolio of properties, Coleman said. Now, she's sometimes working with up to 12 different insurers to piece together more scant coverage with higher deductibles — and each insurer has its own set of questions and restrictions. Coleman said she is increasingly reliant on more complicated risk-sharing arrangements, such as 'insurance towers' — Jenga-like stacks of policies where different insurers underwrite fractions of a single property (one of ECS' properties is underwritten by six insurers, Callandrillo said). In cases where clients have preexisting contracts that require lower deductibles than insurers are willing to grant, Coleman has also turned to deductible buy-down policies — additional coverage from a separate insurer that pays the difference in the case of a claim. 'The work is exponential, not just for us, but for our clients as well,' Coleman said. These days, it's rare that she has more than one option to offer a client. Most affordable developers are already working on shoestring budgets stretched thin by rising construction costs and still recovering from lower revenue from tenants who got out of the habit of paying rent during COVID-19. Because most expenses are nonnegotiables, such as payroll and maintenance, keeping up with insurance payments can mean dipping into funds earmarked for longer term projects. 'This is really depleting our property level reserve, our rainy day fund,' said Janelle Chan, CEO of East Bay Asian Local Development Corp., which has developed about 2,500 affordable units in Oakland. The nonprofit has diverted $12 million from its reserves over the last few years to pay for property expenses including insurance, increased utility costs and rent collection deficits, she said. As part of belt-tightening measures, the East Bay Asian Local Development Corp. is considering cutting community programming or stripping nice-to-have features from planned projects, Chan said. But if premiums stay high, affordable developers say, future projects could be in jeopardy if insurance — a prerequisite for securing loans — is just too expensive, or if developers' reserves have been too depleted to buy properties in the first place. 'We might have to put stuff on hold,' Mandolini said. Among Eden Housing's pipeline of 4,500 planned affordable homes is a complex for seniors at risk of homelessness in San Jose, converting the former Richmond Health Center into dozens of units of permanent supportive housing, and a 119-unit Liberation Park intended to revitalize a historically Black neighborhood in East Oakland. There's another even more serious risk: If mounting expenses cause developers to default, foreclosure can wipe out a property's low-income housing use designation — a more permanent setback for constructing affordable units. 'That's just a critical loss that can't be allowed to happen,' said Thom Amdur, senior vice president for policy and impact at Lincoln Avenue Capital, which invests in affordable housing across the country. Delays or defaults could threaten the region's ability to meet its housing goals. The Bay Area is required to plan to build close to 450,000 new units by 2031, of which 40% should be allocated for low- or very low-income residents, according to the state's Regional Housing Needs Determination. Affordable developers want the government to step in, either by subsidizing risk mitigation efforts or by stabilizing the insurance market through creating a federally backstopped insurance product or expanding FAIR plans — state-created insurers of last resort, such as the one in California — to cover more affordable housing. California lawmakers are considering a bill, AB1339, that would require the Department of Insurance to conduct a study on barriers to affordable housing insurance statewide. For now, developers continue to feel the squeeze. 'We're being asked to build more, and yet we are struggling to protect what we have,' Chan said. 'The candle's burning at both ends.'
